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The Economic Concentration Notification Review Committee at the Egyptian Competition Authority (ECA) has officially approved the economic concentration request submitted by Hon Hai Precision Industry Co., Ltd.

The regulatory approval grants the multinational electronics manufacturer the green light to proceed with the indirect acquisition of a 50% equity stake in Mitsubishi Fuso Bus Manufacturing Co., Ltd.

Transaction Details

The acquisition will not be carried out directly by the parent company. Instead, the transaction will be executed through its designated investment vehicle, ensuring a structured transfer of shares.

The key entities involved in this transaction are:

Primary Acquirer: Hon Hai Precision Industry Co., Ltd.

Executing Subsidiary: Lin Yin International Investments Co., Ltd.

Target Company: Mitsubishi Fuso Bus Manufacturing Co., Ltd.

Acquired Stake: 50% of total shares.

This approval reflects the ECA's ongoing role in monitoring and regulating mergers, acquisitions, and joint ventures to ensure fair market practices and prevent monopolistic behaviors within the national economic landscape.